Tuesday, February 12, 2013

SP-500 To New Highs? Apple Finds Foot Hold...

SP-500 Weekly
  • SP-500 still in strong Bullish Fork
    • Break above 1529 could be VERY Bullish
    • Only a break below 1400 would break the Bull Fork
    • Markets are do for a pull back
    • As long as the Fed is pumping in money, markets should hold....
      • Note when QE stops working, markets will fall...HARD
    • Best buy now would be the VIX
Apple (AAPL) Weekly


  • AAPL finds short term foot hold
    • Note: still in Bearish Fork
    • Break above the dark blue line at 495 would be short term Bullish 
    • Break above Mid-line at 525 would be very Bullish